Axis Bank $500 million 2.875% green bond issue

Overview:

• Axis Bank has issued its first internationally-listed certified green bond.
• The 2.875% notes, due 2021, are listed on the LSE.
• The inaugural $500 million green bond was the largest issued by an Indian bank to be certified by the Climate Bonds Initiative.
• It will finance climate change solutions particularly to produce 175,000MW of renewable energy by 2022. The proceeds will also support green transportation and infrastructure projects.

Candy Chan - Journalist